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Anavex Life Sciences (AVXL) Receives a Buy from H.C. Wainwright

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Anavex Life Sciences (AVXLResearch Report), with a price target of $42.00. The company’s shares closed yesterday at $10.80.

Selvaraju covers the Healthcare sector, focusing on stocks such as Regulus, Aeterna Zentaris, and Oncternal Therapeutics. According to TipRanks, Selvaraju has an average return of -34.4% and a 19.35% success rate on recommended stocks.

Anavex Life Sciences has an analyst consensus of Strong Buy, with a price target consensus of $35.20, which is a 225.93% upside from current levels. In a report released on August 2, Berenberg Bank also maintained a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $23.73 and a one-year low of $7.13. Currently, Anavex Life Sciences has an average volume of 919.4K.

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Anavex Life Sciences Corp. is a clinical stage biopharmaceutical company, which engages in the development of different therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound, ANAVEX2-73, is being developed to treat Alzheimer’s and Parkinson’s disease and central nervous system diseases, including Rett syndrome. The company was founded by Harvey Lalach and Athanasios Skarpelos on January 23, 2004 and is headquartered in New York, NY.

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